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Travis Perkins sees encouraging third quarter

Builders and plumbers merchant group Travis Perkins saw sales rise 8.6% in the third quarter, with trade markets stronger than the consumer division, a statement released today has revealed.

Travis Perkins sees encouraging third quarter

Total sales for the quarter in general merchanting were 13.9% up and 10.7% ahead on a like-for-like basis. Specialist merchanting rose 9.7% and plumbing and heating 6.3%, with the consumer division 1.6% ahead.

In terms of the year-to-date, general merchanting is 7.4% ahead, specialist merchanting 9.7%, plumbing and heating 1.2% and the consumer division just 0.4%.

The group’s statement says that, while the general and specialist merchanting divisions both recorded encouraging total and like-for-like sales growth, and the plumbing and heating division performed well, neither Wickes nor Tile Giant were able to capitalise on the warmer summer weather given their limited range in outdoor categories.

Geoff Cooper, Chief Executive, said: “Whilst still early in the recovery of our markets, the stronger trading conditions experienced by our merchanting businesses in particular is a reassuring indicator of improved sentiment in construction.

“The recovery in activity, signalled by us in early 2013, looks set to continue into 2014 as owners’ and occupiers’ construction and maintenance activity increases from the very low levels encountered over the last five years. The Group is well positioned, as the leading supplier of building materials in the UK, to take advantage of this recovery.”

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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